Tag: Expenses

hyper-local penthouse loft market at Church + Leonard up 9% since January

resale was way up, but profit … don’t ask The guy who just sold the “2,135 sq ft” penthouse loft #5 at 249 Church Street may have worried when he paid 11% over the ask to buy it in what must

Posted in loft neighborhoods tribeca Tagged with: , , , , , , , , , , , , , , , ,

massive headline fail over first flip at One57, by folks who should know better

not chump change, but the actual gain is neither “close to $4mm” nor “$3.5M profit” Hat tip to The Real Deal blog yesterday for linking to Thursday’s New York Daily News report about the first unit to flip at the media magnet

Posted in manhattan real estate business Tagged with: , , , , , , , ,

when life threw 2012 loft buyers at 49 East 21 Street a curve, The Market almost bailed them out

of course, a Market gain can be a seller (net) lossI can’t pretend to explain the 5% gain from April 2012 to January 2013 or to know why the April buyer became a January seller, but in the spirit of

Posted in loft neighborhoods flatiron Tagged with: , , , , , , , ,